IBM to Buy Software Firm Isogon

Updated June 16, 2005 11:43 a.m. ET

International Business Machines Corp., Armonk, N.Y., agreed to acquire closely held software company Isogon Corp. Financial details weren't disclosed. The acquisition, which IBM expects to close in the third quarter, taps into a growing demand for software that "simplifies and automates the way companies manage software expenditures and usage," IBM said in a statement. Isogon, New York, makes technology that can automatically track inventory and measure usage of software running on mainframe computers. IBM said Isogon's operations will be integrated into IBM's Tivoli infrastructure-management-software...